Federal government to pull plug on NewMIC funding, centre to close: sources
Broadcast | 11/21/2003 5:00 am EST
| The New Media Innovation Centre (NewMIC) in Vancouver is closing as the federal government appears set to pull the plug on funding, say sources including some close to the situation. The institution’s head, Shahid Hussain, will say only that he will have further information by the end of the weekend. Western Economic Diversification Canada (WED), the institution’s main federal funding body, will only say that its agreement with NewMIC is subject to confidentiality rules, though information may be forthcoming in the wake of concrete developments. Information from several people, however, says that the federal agency has chosen not to renew funding on the eve of a first three-year round coming to a close.
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